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Fixer Upper Homes in Lombard, IL

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Lombard, IL Foreclosures

How much do homes sell for in Lombard, IL?
The average home price is currently $446,710.
In Lombard, IL, how many homes are available?
There are currently 313 active home listings available in Lombard.
What’s the average rental cost in Lombard, IL?
The average rental price in Lombard is $1,879.
What is the most expensive home in Lombard?
The most expensive home sold in Lombard had a price of $131,463,944.
What is currently the cheapest priced home in Lombard, IL?
The cheapest home for sale in Lombard is priced at $12,334.

Living in Lombard, IL

Lombard, IL, is a thriving suburb located approximately 20 miles west of Chicago, known for its rich history and community events such as the Lilac Festival. With excellent schools, plentiful parks, and diverse dining options, it offers a high quality of life for families and professionals alike. Lombard's well-connected public transportation system makes it easy to commute to downtown Chicago.

Current Market Conditions in Lombard, IL

Lombard's real estate market has experienced a steady increase in demand, with home prices gradually rising over the past year. The area continues to attract new residents due to its suburban charm and convenient location near Chicago. Homes are selling quickly, often above asking price in competitive bidding situations, indicating a strong buyer interest.

There is a healthy inventory of homes available, from historic properties to new constructions, catering to a variety of preferences and budgets. The demand for single-family homes remains robust, and recent developments and community enhancements are contributing to the area's appeal.

Home Value Estimator For Lombard, IL

There are currently 18,172 real estate properties in Lombard, IL, with a median automated valuation model (AVM) price of $373,320.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Lombard, IL, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Lombard, IL, is $446,710.00, with the most expensive house in Lombard, IL, topping out at $131,463,944.00 and the cheapest home in Lombard, IL, clocking in at $12,334.00. In other words, there’s something for every potential homebuyer or savvy investor in Lombard, IL!

Rent Prices In Lombard, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Lombard, IL, is on a rollercoaster ride. The average rent price in Lombard, IL, is $1,879.00. Indeed, when looking to rent in Lombard, IL, you can expect to pay as little as $760.00 or as much as $4,320.00, with the average rent median estimated to be $1,850.00. The good news is that finding an affordable and desirable property to rent in Lombard, IL -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Lombard, IL Fixer Upper Homes


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